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Suggest two precautions a consumer should take to ensure their bank account is secure - Junior Cycle Home Economics - Question 8 - 2018
Question 8
Suggest two precautions a consumer should take to ensure their bank account is secure. (i) ___________________________________________________________ (ii) _______... show full transcript
Worked Solution & Example Answer:Suggest two precautions a consumer should take to ensure their bank account is secure - Junior Cycle Home Economics - Question 8 - 2018
Step 1
(i) Suggest a precaution
Answer
One precaution a consumer should take is to have a secure PIN for their bank account. It is crucial to choose a unique PIN that is not easily guessable and to change it regularly. Additionally, consumers should keep their passwords secure and update them frequently, while always avoiding the disclosure of any account details unless they are directly dealing with their bank.
Step 2
(ii) Suggest a second precaution
Answer
Another important precaution is to use secure Wi-Fi networks when banking online. Consumers should ensure they are connected to a trusted network and regularly check their account balance to monitor for unauthorized transactions. They should also shop only on reputable sites and never disclose their PIN to anyone. Lastly, it is advisable not to store the PIN with the card to prevent unauthorized access.